---
title: "Premier Low Rate — Defence Bank"
description: "Home Loans from Defence Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/defence-bank/products/843
source: "CDR Compare"
language: en-AU
last_updated: 2026-05-20T00:00:00.000+10:00
---

# Premier Low Rate — Defence Bank

> Home Loans from Defence Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Home Loans · Defence Bank Limited**

The Premier low rate home loan is a fuss-free approach to being handed the keys of your new home. Plus you have the freedom of unlimited redraws, and no monthly, annual, extra repayments or application fees.

## At a glance

- **From (owner occupied):** 6.24% (6.24% comparison)

## Apply

Applications are handled by the provider: [Apply at Defence Bank](https://secure.defencebank.com.au/internetlending/public/start.aspx)

## Interest rates

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable (Premier Low Rate home loan ≤70.00% LVR) | 6.24% | 6.24% | — |
| Variable (Premier Low Rate home loan ≥70.01% LVR) | 6.49% | 6.49% | — |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Solicitors and other parties actioning requests (may be payable) — These fees and or charges may be payable and are determined by solicitors or other parties actioning requests. We are unable to ascertain these fees or charges up front until they charged, and they may vary. | Event | $0.00 |
| Default notice (enforcement notice) — Payable each time we send you a reminder notice relating to a default on a loan | Event | $20.00 |
| Security discharge administration fee — Payable when we process a discharge of a security over real property. | Event | $250.00 |
| Arrears reminder notice fee (per letter) — Payable each time we send you a reminder notice relating to arrears on a loan | Event | $20.00 |

## Features

- **No application fees.**
- **No monthly fees.**
- **No Annual fees.**
- **Australia-based Contact Centre.** — Australia-based Contact Centre team who understand the unique challenges and opportunities of being in the defence community
- **Redraw facility** (Free loan redraw (min $50).)
- **Extra repayments** (No fees for extra repayments.)
- **Australian Government 5% Deposit Scheme** — To access the Scheme, you need to meet borrower eligibility criteria.
- **Home Loan Consultants** — Speak with a home loan consultant today to discuss your options

## Eligibility

- **Purpose** — Purchase/refinance owner occupied home, home improvements or any worthwhile purpose - excluding construction.
- **Residency status** (Australian residents only.)
- **Minimum age** (18)
- **Individuals must have capacity.** — Lending criteria.

## Constraints

- **Maximum LVR** — 95%

## More information from Defence Bank

- [Overview](https://www.defencebank.com.au/banking/home-loans/premier-low-rate-home-loan/)
- [Terms & conditions](https://www.defencebank.com.au/banking/home-loans/premier-low-rate-home-loan/)
- [Eligibility](https://www.defencebank.com.au/banking/home-loans/premier-low-rate-home-loan/)
- [Fees & pricing](https://www.defencebank.com.au/banking/home-loans/premier-low-rate-home-loan/)

## Data provenance

- Published by Defence Bank under the Consumer Data Right
- Product ID: `843`
- Last updated by the provider: 19 May 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/defence-bank/843
- Provider page: https://www.cdrcompare.au/brands/defence-bank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000117

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/defence-bank/products/843) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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